Islamabad, January 12, 2022 (PPI-OT):Securities and Exchange Commission of Pakistan (SECP) urges the corporate sector to adopt digitalization, which not only improves efficiency and ease of doing business, but is also helpful for the environment. SECP, leading by example, have already end to end digitalized the company incorporation process and had also automated certificate of incorporation and stopped old practice Read More…
Islamabad, December 31, 2021 (PPI-OT):In order to facilitate the prospective investors of Non-Banking Finance Sector and as part of its objective to promote ease of doing business, the Securities and Exchange Commission of Pakistan (SECP) has issued a procedural guide on formation and licensing of Non-Banking Finance Companies (NBFCs).
Available on the SECP’s website, this guidebook provides comprehensive informatiRead More…
Lahore, December 28, 2021 (PPI-OT):The Chairman Securities and Exchange Commission of Pakistan (SECP), Aamir Khan said that documentation of the economy is vital for economic progress and building a vibrant corporate sector. SECP has adopted the method of regulatory guillotine to review and simplify old regulations and eliminate those that are no longer needed. It results in economically-significant regulatory cost rRead More…
Islamabad, December 23, 2021 (PPI-OT):The Securities and Exchange Commission of Pakistan (SECP) has abolished the requirement for banks to obtain separate license for distributing mutual funds and private pension funds to Roshan Digital Accounts (RDAs). This relaxation has been granted to facilitate overseas Pakistanis to invest in mutual funds and private pension funds managed by Asset Management Companies (AMCs), aRead More…
Islamabad, December 22, 2021 (PPI-OT):The recent amendments carried out through the Companies Amendment Bill, 2021 would significantly promote start-ups, business innovation, entrepreneurship and improve general business climate in the country. Significant amendments include addition of a new definition for “startup company”, removal of the requirements of filing unaudited financial statements for private companiRead More…
Islamabad, December 17, 2021 (PPI-OT):To protect the general public from unlawful/illegal activities being carried out by various companies, the Securities and Exchange Commission of Pakistan (SECP), frequently issues public warnings advising the general public to refrain from investing in any fraudulent investment schemes.
SECP has noticed that below listed companies through their online platforms/websites are involRead More…
Islamabad, December 06, 2021 (PPI-OT):Under the regulatory impetus of SECP, the Central Depository Company of Pakistan Limited (CDC) and Insurance Association of Pakistan (IAP) signed a Memorandum of Understanding (MoU) for the digital aggregation of Insurance products through CDC’s Emalaak Financials platform.
The distribution of insurance products through the digital portal EMLAAK is expected to provide low-cost Read More…
Islamabad, December 06, 2021 (PPI-OT):Under the regulatory impetus of SECP, the Central Depository Company of Pakistan Limited (CDC) and Insurance Association of Pakistan (IAP) signed a Memorandum of Understanding (MoU) for the digital aggregation of Insurance products through CDC’s Emalaak Financials platform.
The distribution of insurance products through the digital portal EMLAAK is expected to provide low-cost Read More…
Islamabad, November 24, 2021 (PPI-OT):The SECP has introduced amendments in the Companies (Further Issue of Shares) Regulations, 2020 to address the impediments faced by the corporate sector, particularly startups and small companies, in raising equity through conventional modes. Key changes include permission to convert one class of shares into another class, issuance of shares with differential rights without approRead More…
Islamabad, November 24, 2021 (PPI-OT):The SECP has introduced amendments in the Companies (Further Issue of Shares) Regulations, 2020 to address the impediments faced by the corporate sector, particularly startups and small companies, in raising equity through conventional modes. Key changes include permission to convert one class of shares into another class, issuance of shares with differential rights without approRead More…